It’s been a little while since Marc Faber dropped an outrageous prediction to the mainstream media – nice to see the streak busted in a big way!
Faber spoke with Bloomberg and, in a beauty of an interview, he:
- Said the Eurozone should eventually kick out every country except Germany (but allow the other countries to use the euro as an international trading currency)
- Hilariously said the “bureaucrats in Brussels make the government in the US look like an organization consisting of geniuses”
- Blamed Europe’s problems on too much government spending, not enough fiscal discipline, and “Keynsian clowns” (ha!)
- And left the door open for a 1987-style market crash
Here’s the full Faber interview on Bloomberg (also embedded below).
Hat tip Zero Hedge for the original post.